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SHAKTI Policy
Why in News?
Recently, the Ministry of Power has announced a Scheme for Procurement of Aggregate Power of 4500 MW on competitive basis for five years on Finance, Own and Operate (FOO) basis under B (v) of SHAKTI Policy.
About SHAKTI Policy
- Ministry of Power (MoP) in 2017 cleared the Coal Linkage Policy known as SHAKTI (Scheme to Harness and Allocate Koyla Transparently in India).
- The Policy provides coal linkages to power plants which lack fuel supply agreements (FSAs) through coal auctions.
Objectives
- The Shakti plan aims to guarantee coal availability to all Thermal Power Plants in India in a transparent and unbiased manner.
- The plan is meant to help both the infrastructure industry and the public sector banks, which owe enormous amounts to power firms in outstanding loans.
- The programme also seeks to strengthen domestic businesses and lessen reliance on imported coal.
Sangai Festival
Why in News?
The Prime Minister addressed the Manipur Sangai Festival via video message.
About Sangai Festival
- The state’s largest event serves to highlight Manipur as a premier travel destination.
- The festival highlights Manipur’s tourism potential in the areas of arts and culture, handicrafts, indigenous sports, food, music, and adventure sports, among other things.
- The festival will feature performances of the state’s traditional dance, “Ras Leela,” as well as other folk dances like the Khamba Thoibi dance, Bamboo dance, Maibi dance, Kabui Naga dance, and others.
- The critically endangered brow-antlered deer located only in Manipur’s Keibul Lamjao National Park, the only floating national park in the world, is the inspiration for the festival’s name. Sangai is the state animal of Manipur.
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FAQs on PIB Summary- 1st December, 2022 - PIB (Press Information Bureau) Summary - UPSC
| 1. What is the SHAKTI Policy? |  |
Ans. The SHAKTI Policy is a government initiative aimed at promoting the sustainable extraction and utilization of coal reserves in India. It stands for "Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India."
| 2. What are the objectives of the SHAKTI Policy? | |
Ans. The objectives of the SHAKTI Policy are to ensure the availability of coal for power generation, promote transparency in the allocation of coal, and enable efficient utilization of coal reserves in India.
| 3. What is the Sangai Festival? | |
Ans. The Sangai Festival is an annual cultural festival held in Manipur, India, to promote and showcase the rich cultural heritage of the state. It is named after the Sangai deer, which is found only in Manipur.
| 4. What is the significance of the Sangai Festival? | |
Ans. The Sangai Festival plays a significant role in promoting tourism in Manipur. It provides a platform for artists, craftsmen, and entrepreneurs to showcase their talents and products, thereby boosting the local economy and cultural exchange.
| 5. When is the Sangai Festival celebrated? | |
Ans. The Sangai Festival is celebrated every year from November 24th to December 10th in Manipur, coinciding with the statehood day of Manipur on December 1st.
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